Long term traders ready to continue the move up as fresh buyers jump on board

Potential Buy Entry Alert to Watch CHC

 

Time Frame : Daily/Weekly

Sector : Real Estate

Key Stats : $3.25 Billion Market Cap, VWAP 6.958, ASX Ranking 112, 4 Week Av Turnover $9,646,890, Current Turnover (Intraday as at time of alert) $306,373.

Company Overview : Charter Hall Group (CHC) is a property fund manager and developer managing a suite of institutional, wholesale and retail unlisted property funds in which it holds investments. The funds are diversified across the office, retail, industrial and residential sectors. CHC has offices in Sydney, Melbourne, Brisbane, Adelaide, and Perth. CHC’s business comprises two divisions namely property investments, and property funds management.

Broker Consensus : HOLD/BUY

 

CHC – Charter Hall Group

CHC has been in a long term uptrend which we expect will continue. We are currently seeing a minor pullback on the weekly chart so will be watching the daily for confirmation that price is continuing higher with a break through 7.16. Price may still have some work to do and contract further before another move up so its on watch for now.

 

Stock Code : CHC – Charter Hall Group

Company Website : www.charterhall.com.au

Current Price : 6.99

Status : On watch for buy entry setup